Southern Asia: Vulcanised Rubber Thread Market 2024

Vulcanised Rubber Thread Market Size in Southern Asia

After two years of growth, the South Asian vulcanised rubber thread market decreased by X% to $X in 2022. The total consumption indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2019 indices. As a result, consumption reached the peak level of $X, and then reduced sharply in the following year.

Vulcanised Rubber Thread Production in Southern Asia

In value terms, vulcanised rubber thread production rose sharply to $X in 2022 estimated in export price. In general, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

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Vulcanised Rubber Thread Exports

Exports in Southern Asia

In 2022, exports of vulcanised rubber thread and cord in Southern Asia amounted to X tons, growing by X% against the previous year's figure. In general, exports enjoyed a significant expansion. The growth pace was the most rapid in 2020 when exports increased by X%. The volume of export peaked in 2022 and is expected to retain growth in the near future.

In value terms, vulcanised rubber thread exports expanded remarkably to $X in 2022. Overall, exports recorded buoyant growth. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to continue growth in years to come.

Exports by Country

In 2022, India (X tons) represented the key exporter of vulcanised rubber thread and cord in Southern Asia, mixing up X% of total export.

India was also the fastest-growing in terms of the vulcanised rubber thread and cord exports, with a CAGR of X% from 2012 to 2022. From 2012 to 2022, the share of India increased by X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest vulcanised rubber thread supplier in Southern Asia.

In India, vulcanised rubber thread exports expanded at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2022, shrinking by X% against the previous year. Overall, the export price recorded a perceptible descent. The pace of growth appeared the most rapid in 2017 when the export price increased by X%. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for India.

From 2012 to 2022, the rate of growth in terms of prices for India amounted to X% per year.

Vulcanised Rubber Thread Imports

Imports in Southern Asia

In 2022, approx. X tons of vulcanised rubber thread and cord were imported in Southern Asia; which is down by X% compared with 2021 figures. In general, imports, however, continue to indicate prominent growth. The pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, imports attained the peak of X tons, and then reduced dramatically in the following year.

In value terms, vulcanised rubber thread imports reduced rapidly to $X in 2022. Overall, imports, however, continue to indicate resilient growth. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, imports reached the peak of $X, and then declined significantly in the following year.

Imports by Country

Bangladesh prevails in imports structure, resulting at X tons, which was approx. X% of total imports in 2022. It was distantly followed by India (X tons), mixing up a X% share of total imports. Pakistan (X tons) and Sri Lanka (X tons) took a relatively small share of total imports.

Bangladesh was also the fastest-growing in terms of the vulcanised rubber thread and cord imports, with a CAGR of X% from 2012 to 2022. At the same time, Sri Lanka (X%) and Pakistan (X%) displayed positive paces of growth. By contrast, India (X%) illustrated a downward trend over the same period. While the share of Bangladesh (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Pakistan (X p.p.) and India (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Bangladesh ($X) constitutes the largest market for imported vulcanised rubber thread and cord in Southern Asia, comprising X% of total imports. The second position in the ranking was held by India ($X), with an X% share of total imports. It was followed by Pakistan, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Bangladesh totaled X%. In the other countries, the average annual rates were as follows: India (X% per year) and Pakistan (X% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2022, declining by X% against the previous year. Overall, the import price continues to indicate a slight slump. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in India ($X per ton) and Pakistan ($X per ton), while Bangladesh ($X per ton) and Sri Lanka ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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